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  • Converium receives licence to write UK liability while British Government gives heart to insurance industry In the week that saw the UK Government acknowledge the recent surge in liability premiums, the Swiss based reinsurer Converium revealed that it
  • Arch Capital Group has recruited the former Chubb D&O specialist Ralph E. Jones III to lead its challenge into the US professional indemnity sector.
  • Whatever the prospects for US asbestos reform, Equitas is likely to boost its asbestos reserves when it announces its annual results on Wednesday.
  • Despite Bermuda’s established and start-up reinsurers churning out strong results, the global industry continues to be dragged down by the lacklustre performance of the big four reinsurers – Munich Re, Swiss Re, Employers Re, and General Re.
  • Montpelier Re, who floated last autumn on the New York Stock Exchange, joined fellow post 9/11 start-up Endurance Specialty as an A (excellent) company last Wednesday as the pair were upgraded by A.M. Best.
  • David Watson, the senior vice president and chief underwriter of XL Re’s London branch, has replaced the former chief executive of Axa Corporate Solutions (UK) Ltd Adrian Ballardie on the board of the International Underwriting Association of London.
  • Heritage is set to capitalise on the improved rating environment for UK liability by spinning off a new Lloyd’s Syndicate from their existing operations, Insider Week can reveal.
  • FSA consultancy launched A new consultancy offering help on Financial Services Authority compliance for London market brokers and insurers has launched promising to provide “carefully designed bespoke support to help reduce the cost of achieving and ma
  • Lloyd’s insurer Brit expects to write upwards of £1.15bn total gross premium income in 2003 after strong 2003 renewals and new business flow in the first few months of the year. This projection is based largely on its recent acquisition of PRI (see Inside
  • Despite US legislation last year mandating insurers to provide compulsory terrorism cover, reinsurance companies appear reluctant to assume any of the new exposure. This was one of the many findings of the ratings agency Moody’s survey into the implementa